The business incubation program application process is highly competitive. The focus is on quality, and not quantity. Prospective applicants must be ready to provide detailed information regarding the potential viability of their business venture, including business plans, financial documents, founder biographies and other relevant information as required by the designated business incubator’s application process.
Applicants under the Start-up Visa Program may apply either as a single entrepreneur, or as an entrepreneurial team of up to five members.
Please keep the following points in mind…
The proposed business must demonstrate that it is potentially viable from both a financial and market perspective. Entrepreneurs must typically have a relevant education, experience and expertise which support the success of the proposed business in Canada.
The proposed business must have access to sufficient working capital to meet its initial needs.
The entrepreneur must clearly articulate the market opportunity for their product/service offering in Canada and internationally.
The business must be past the idea stage and have a working prototype. The entrepreneur should demonstrate early technology validation and/or customer traction.